If you don’t already, you need to understand the difference between APR and APY. Otherwise, you will sound like a fool.
Return on investments are not expressed by months, weeks or days. They are expressed annually. So when you say, "You can get 2% of APY/month", or "with a 1% interest/week", or "if you coumpound interest on a 10% APY", then you sound like a fool. There are two different acronym you need to understand. APR…
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